African Banking Corporation loan calculator for Ksh 1,000,000 over 20 years.
Estimate repayment for a African Banking Corporation loan using the current 17.31% lending rate. Edit amount, term, rate and common Kenyan loan fees below.
Estimated monthly repayment
Ksh 14,904
240 monthly payments
Estimated total repayment
Ksh 3,577,010
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 2,577,009
At 17.31%
Current African Banking Corporation loan interest rate
African Banking Corporation is listed at 17.31% weighted-average lending rate in this snapshot. The Kenya commercial-bank average is 15.99%.
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Edit the values below; results update instantly.
Loan details
KESCentral Bank of Kenya · May 2025
+1.32 pp vs industry average
Fees & duties
Processing, insurance, and 20% excise on interest.
CRB check, legal, valuation, stamp duty.
Monthly payment
Ksh 18,623
For 240 months · incl. fees
Total repaid
Ksh 4,271,285
Principal Ksh 1,000,000 + Ksh 3,271,285 extras
Effective APR
22.50%
Advertised rate 17.31% · 257.7% interest on principal
Repayment mix over 20 years
Early payments lean on interest; later ones clear principal.
Amortisation (yearly)
End of year · KES| Year | Interest paid | Principal paid | Balance |
|---|---|---|---|
| 0 | Ksh 0 | Ksh 0 | Ksh 1,000,000 |
| 1 | Ksh 172,621 | Ksh 6,229 | Ksh 993,771 |
| 2 | Ksh 344,074 | Ksh 13,627 | Ksh 986,373 |
| 3 | Ksh 514,140 | Ksh 22,411 | Ksh 977,589 |
| 4 | Ksh 682,559 | Ksh 32,843 | Ksh 967,157 |
| 5 | Ksh 849,021 | Ksh 45,231 | Ksh 954,769 |
| 6 | Ksh 1,013,161 | Ksh 59,942 | Ksh 940,058 |
| 7 | Ksh 1,174,542 | Ksh 77,412 | Ksh 922,588 |
| 8 | Ksh 1,332,647 | Ksh 98,157 | Ksh 901,843 |
| 9 | Ksh 1,486,862 | Ksh 122,792 | Ksh 877,208 |
| 10 | Ksh 1,636,458 | Ksh 152,047 | Ksh 847,953 |
| 11 | Ksh 1,780,567 | Ksh 186,788 | Ksh 813,212 |
| 12 | Ksh 1,918,163 | Ksh 228,043 | Ksh 771,957 |
| 13 | Ksh 2,048,022 | Ksh 277,034 | Ksh 722,966 |
| 14 | Ksh 2,168,695 | Ksh 335,211 | Ksh 664,789 |
| 15 | Ksh 2,278,459 | Ksh 404,298 | Ksh 595,702 |
| 16 | Ksh 2,375,268 | Ksh 486,340 | Ksh 513,661 |
| 17 | Ksh 2,456,693 | Ksh 583,765 | Ksh 416,235 |
| 18 | Ksh 2,519,849 | Ksh 699,460 | Ksh 300,540 |
| 19 | Ksh 2,561,311 | Ksh 836,848 | Ksh 163,152 |
| 20 | Ksh 2,577,009 | Ksh 1,000,000 | Ksh 0 |
What affects repayment?
Monthly repayment depends on loan amount, term, lending rate, processing fee, insurance and excise duty on interest.
Longer term tradeoff
A longer term can reduce monthly instalments but usually increases total interest paid over the life of the loan.
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Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.